Churches start giving financial advice

With the downturn in the economy people are struggling to learn how to manage their finances in a new and difficult setting. A somewhat surprising turn of events has significant numbers turning to their local churches to find support and advice.

CNN is reporting:

"Programs that teach debt elimination, financial literacy and money management are gaining popularity among the faithful who are seeking some stability in the midst of uncertain times.

[...]Khalfani-Cox, who provides [such a] program free for churches, said she is hearing from places of worship, both big and small, nationwide who want to offer resources to their members.

'In faith-based communities, if you ask pastors across the country, many will tell you that attendance is up; however donations are down,' said Khalfani-Cox, who is known as the Money Coach. 'People are turning to the church for help, whether it's help making their mortgage payment, putting in a prayer request, assistance in finding a job or just getting practical, day-to-day strategies for managing debt.'"

Read the full article here.

Is your local congregation using these sorts of programs to help folks who are suddenly struggling? (Ours is one of a number here in Phoenix so doing.) How has the response effectiveness been so far for you?

Posted by Nicholas Knisely on February 20, 2009 6:36 PM | |
Comments (1)

Unfortunately, too many churches teach that the path to personal wealth is by giving to the church first, which in turn influences God to bless you with a multiple of that money.

http://www.utne.com/2008-07-03/Spirituality/Solve-Your-Financial-Problems-Give-to-Pat-Robertson.aspx

Posted by Nathan J Clouden [TypeKey Profile Page] | February 22, 2009 9:52 AM

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